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How is my Final Average Salary (FAS) calculated on the Statement?

April 26, 2017average calculated FAS final salary

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How is my Final Average Salary (FAS) calculated on the Statement?

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The FAS is one of three important components that will determine your retirement benefit. (Your plan and service credit are the other two.) The FAS on your Statement is an automated calculation that only uses information we have on file for you and does not assume increases in salary. It will be different from the FAS that is calculated when a retirement examiner audits all your salary and service information. Since there are different ways to calculate FAS, you should contact us regarding any inquiries you might have about your FAS calculation.